Property Valuation
An Ohio appraiser identifies that a neighborhood is experiencing 'gentrification.' This would likely result in:
ADeclining property values in the neighborhood
BIncreasing property values as renovation and reinvestment occur✓ Correct
CStable property values with no change
DDecreased demand from investors
Explanation
Gentrification — the renovation and improvement of deteriorated urban areas — typically results in increasing property values, higher rents, and demographic changes as wealthier residents move in.
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